The US hit the debt ceiling in March and is expected to run out of ways to get around the new $22 trillion limit by September. An economist explains why the ceiling is a dysfunctional relic.

Carvings and barbed wire illustrate the Bainbridge Island Japanese American Exclusion Memorial on Bainbridge Island, Wash. The site, designed by architect Johnpaul Jones, opened in 2011.
(AP/Seattle Times/Jordan Stead)
July 17, 2019